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20121121
20121129
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CSPAN
Nov 25, 2012 5:15pm EST
like we're about, we're approaching a fiscal cliff, and this is all going to the happen shortly after or just prior to the inauguration or some time in january. what, what is the, what do you see or what do you predict or what needs to be done to avoid this fiscal cliff? >> okay. happily, i don't have to decide. [laughter] and i don't know. but, i mean, the fiscal cliff is a euphemism. i mean, it's financial. it's the basic financial soundness of the government which connects, believe me, to the value of everything you have, a house, a bank account, an investment and so forth. and it is all in jeopardy. it should be called the financial time bomb. and it's tax increases, it's spending cuts, but it's also what i spent a lot of time in the price of politics writing about where you have to extend the debt ceiling. they, the white house, whoever is there, is going to have to go to the congress and say, gee, you know what? we're borrowing a trillion dollars. i mean, think about, i was trying to figure somebody was asking, well, how much is a trillion dollars? that's about $3,000 for everyo
CSPAN
Nov 24, 2012 8:00am EST
of automatic cuts in spending. necessity of resolving these issues is what ben bernanke refers to as a fiscal cliff. it is likely these critical decisions will be given brief extensions so that the next president and congress will be saddled with making the decisions. as a second term president, obama would face obstacles rarely experienced by achieved executive returning to office where he would face sizable numbers of members of the senate and house who will not compromise. these present ominous clouds on the horizon for a second term for obama. other lessons obama and the electorate can learn from the experience of presidential history might give guidance for the resolution of this concern. first, however, it would be helpful to review obama's background and customary evaluation of him. his opponents and some of his supporters asked does barack obama have the leadership skills, experience, cultural background and temperament to deserve a second term as president of the united states? his opponents say no to all of the above and add they consider him to have socialist tendencies including h
Search Results 0 to 1 of about 2